A PRIVATE INVESTMENT BANK DEVOTED TO SMALL AND MID SIZED TRANSACTIONS

1. A PRIVATE INVESTMENT BANK DEVOTED TO SMALL AND MID SIZED TRANSACTIONS

2. A clear identity • Transaction Finance is an independent consultancy firm based in Paris, specialized in Mergers & Acquisitions and wholly owned by its managers. • We are committed to helping our clients – listed corporations, family owned companies and institutions - by providing them with superior quality advice and creative solutions to their complex problems. • We are targeting medium size transactions up to €100 million.

3. A distinct Positioning • Our entrepreneurial direct approach, allows us to interact swiftly with efficiency and flexibility to the needs of our clients. • We are free from external pressures or conflicts of interest.

4. Our ambition • Create an intimate partnership with each of our clients and counterparts, based on trust and intellectual integrity. • Target a longstanding relationship with our clients. • Conduct all our advisory assignments with the utmost discretion.

5. Our strengths • Crucial mix of strong operating and financial skills. • Broad experience and excellent track record of the partners in closing successful transactions. • Extensive network of business relationships covering a wide range of financial and trade institutions at top levels. • A partnership structure allowing strong involvement, fidelity and competitiveness.

6. Our services include : • Acquisitions and spin-offs • Leveraged buyouts, MBOs and MBIs • Strategic advice • Capital and mezzanine- raising • Cross border transactions with Eastern Europe

7. The team Guy de la Barthe, Partner HEC, IEP Paris Previously: • ABN AMRO: Manager of a private equity fund. • AGF Group: Co-founder of a private equity fund; Board member of REL Partners • Banque BGP SIB: Associate • Manufacturers Hannover Trust: Financial Analyst.

8. Jean Claude Perrin, Partner HEC, MBA Dartmouth USA, Director of Spie Batignolles Previously: • Schneider Electric: member of the Executive Committee, Executive VP and CFO • Spie Batignolles: General Manager • Corning Glass in the USA : Division CFO.

9. Jean-Jacques Duffau, Partner ESSEC Previously: • Paribas and BNP-Paribas (22 years) with assignments in Private Equity (PAI, BNP-Paribas Development), M&A and Corporate Banking

10. Luc de Basquiat, Partner ESSEC, CPA Previously: • Chairman of Media Presse and Chairman of Rustica… • Media Participations: General Manager • SGN COGEMA: Deputy Financial Manager • UIC SOFAL: Associate.

11. Other Partners : • Denis Kibler: ESC-Dijon Member of the Paris Tribunal de Commerce, previously co founder of Infraplus and senior executive of Schneider Electric • Nicolas Mugni, based in Athens: Polytechnique of Grenoble and Eindhoven University, previously VP Deloitte,

12. Client references • Lafarge • Air Liquide • Bergerat Monnoyeur • ABN AMRO • Washington LP US financial investor • Spie Batignolles • Axa Private Equity • IDI: l’Institut du Développement Industriel • AMEC Spie Communication • Noonday Asset Management

13. Recent and ongoing transactions • Monitoring of an investment in an industrial group: €50M • Arrangement of a leverage structure in a minority holding : €25M • Disposal of a corporate venture fund : €10M • Mezzanine raising: €12M • Equity raising : €4M • Advisory assignment by a french industrial group (turnover: €150M) to assist in the opening of its capital base to its employees and to an investment fund. • Advisory assignment by a french consortium to assist the take-over of a service activity (spin-off)

14. Contacts Guy de la Barthe gdelabarthe@transactionfinance.fr Jean Claude Perrin jcperrin@transactionfinance.fr Jean-Jacques Duffau jjduffau@transactionfinance.fr Transaction Finance 10 rue de Milan 75009 Paris FRANCE Tel 01 42 82 94 47 Fax 01 42 82 94 84 WEBSITEhttp://www.transactionfinance.fr EMAIL info@transactionfinance.fr Access Métro Liège; Parking Saint Lazare train station

15. French presentation Visit the french version